Melon I Corporation

Analysis

Melon I Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Melon I Corporation reported income of $98k and spending of $117k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $63k to $98k (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 172% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Melon I Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within PA. Charities of a similar size with the same main cause include Bright Holidays Inc ($98k), Hammond for Hope Foundation Inc ($98k) and Ausome Foundation Corp ($98k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 81% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.1m against liabilities of $453k, net assets of $676k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.